Autoparts maker KHPT climbs 45% on ACE Market debut

From left: KAF Investment Bank Bhd director of corporate finance Azmi Hariss Ibrahim, co-head and director of corporate finance Ahmad Fazlee Aziz, KHPT independent non-executive director Datuk Noor Azian Shaari, independent non-executive chairperson Datuk Noripah Kamso, group managing director Datin Eloise See, executive director and chief business development officer Hideki Nomura, independent non-executive director Chan Yan San, Bursa Malaysia Securities Bhd chairman Tan Sri Abdul Wahid Bin Omar and KAF Investment Bank CEO Rohaizad Ismail

KUALA LUMPUR: Shares in automotive parts and components manufacturer KHPT Holdings Bhd jumped 45% in its debut on the ACE Market of Bursa Malaysia, following an initial public offering (IPO) that raised RM21.73mil.

The company hit the market running at 29 sen a share, representing a nine sen premium to its IPO price of 20 sen a share. As at 9.40am, the share has since subsided on profit-taking to a 15% lead at 23 sen a share.